Gold prices closed higher after the US Federal Reserve kept interest rate hikes off the table, reassurring markets. Gold was supported above $1,855 and gained over $110 since early November due to inflation fears and low rates. Technical indicators showed gold in overbought territory and at resistance around $1,865, with support at $1,850.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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2. Points To Be Discussed Today:
• Gold Prices & Technical Chart
• Gold – A Technical Outlook – XAU/USD
Supported Over $1,855
• Gold Technical Overview
• Gold Fundamental Overview
•
3. Gold Prices
• Gold prices closed at $1,867.85, after setting a
high of $1,871.35, and a low of $1,848.10.
• Gold surged on Friday and extended its gains
for the 7th consecutive session, amid
increased demand for bullion as an inflation
hedge, triggered by a surge in US consumer
prices.
4. Gold Has Gained As Much As $110
• Since November 3, gold has gained as much as
$110, bolstered by deepening fears of inflation
and reassurances from key central banks that
interest rates will remain low for the time being.
• Furthermore, the US dollar was low on Friday,
which ultimately put upward pressure on gold
prices. The US Dollar Index, which measures the
value of the greenback against a basket of six
major currencies, dropped to the 95.00 level on
Friday, from a daily high of 95.26.
6. Gold Gains Are Somewhat Limited
• Gold was clearly responding to higher
inflationary pressure.
• However, the gains in the precious metal were
somewhat limited, as market participants
were of the view that tighter Fed policies
would control inflation, and that the economy
was robust enough to withstand higher rates.
7. The Opportunity Cost Of Holding Gold
• On the interest rate front, the Federal Reserve
has kept rate hikes off the table for now.
• The Chairman of the Federal Reserve, Jerome
Powell, omitted to give any concrete timeline
as to when the Fed will begin to raise rates.
• The reduced stimulus and interest rate hikes
tend to push up government bond yields and
raise the opportunity cost of holding gold,
which pays no interest.
8. Gains In Gold Prices
• On the data front, at 20:00 GMT, the JOLTS job
openings surged to 10.44 million, against the
forecast of 10.02 million, which supported the US
dollar and put the brakes on any further gains in
gold prices.
• The Prelim UoM Consumer Sentiment dropped to
66.8, from the anticipated 72.5, which weighed
on the greenback and supported the upward
momentum in the yellow metal.
• The Prelim UoM Inflation Expectations surged to
4.9% in November, from the previous 4.8%.
9. The Fixed-income Group
• Meanwhile, New York Federal Reserve Bank
President John Williams said on Friday that
higher inflation was not affecting all
households equally, with people on fixed
incomes taking a bigger hit.
• He said that the fixed-income group was less
protected against surprisingly high inflation.
10. Gold – A Technical Outlook –
XAU/USD Supported Over $1,855
• Gold is trading at the 1,859 level, facing strong
resistance at the 1,865 level.
• On the 4-hour timeframe, XAU/USD is trading
with a bullish bias, having violated the upward
channel, which is now suggesting a strong
bullish trend in gold.
11. Gold – A Technical Outlook –
XAU/USD Supported Over $1,855 - I
• However, the precious metal has now entered
the overbought zone and may exhibit a
bearish correction.
• On the lower side, immediate support for the
XAU/USD prevails at 1,850, which is extended
by a 38.2.% Fibonacci retracement level.
• A further breakout at 1,850 could lead the
gold prices towards levels of 1,845 and 1,840.
14. The Resistance Level
• The resistance level remains at the 1,865 level,
and violation of this level would expose the
metal to the 1,869 level.
• The RSI and stochastic are in an overbought
zone, and the closing of candles below the
1,865 level would open the metal up to the
1,850 level.
• Let’s consider taking a sell trade below 1,865,
and buy above the same.
15. Gold Technical Overview
• Nothing seems to have changed on the short-
term technical front, as gold price remains on
track for the further upside on a sustained
break above the June 16 highs of $1,869.
• The next significant resistance is seen at the
June 14 tops of $1,878, followed by the
$1,900 psychological level.
16. Gold Technical Overview - I
• The 14-day Relative Strength Index (RSI) peeped
briefly in the overbought zone but has eased
slightly thereafter, suggesting that a fresh
upswing could be in the making.
• On the downside, the $1,850 demand area will
get tested initially, below which Friday’s low of
$1,845 will be the next stop for gold sellers. The
previous critical resistance now support at $1,834
will hold the key for gold bulls.
17. Gold Fundamental Overview
• Starting out a fresh week, gold price renewed
multi-month tops but lacked follow-through
upside momentum, now trading modestly
lower below $1,860.
• Gold price ignores the extended weakness in
the US dollar, as stabilizing Chinese economy
offers some comfort to the market, reeling in
the country’s indebted property sector woes.
18. Gold Fundamental Overview - I
• Investors also weigh in the Fed’s dilemma
amid sapping consumers’ confidence and
surging inflation concerns, as they refrain from
placing any fresh bids on gold price.
• A lack of first-tier US macro news could also
keep gold’s trading momentum in check.
• Traders also bide time ahead of Tuesday’s US
Retail Sales release, which will provide fresh
cues on the Fed’s rate hike timing.